UTI introduces mutual fund scheme for the elderly

Financial company Unit Trust of India (UTI) has introduced a new mutual fund plan called ‘UTI Family’.

The new scheme UTI Family (Father and Mother I Love You) will offer investment plans to the investors to take care of their elderly parents.

It allows a transfer of a fixed amount monthly through systematic withdrawal plan to either of the parent’s account.

The scheme can be available to new and existing investors.

It is a part of the company’s existing schemes, MIS Advantage Plan and Wealth Builder Fund.

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